Magnolia, IA Real Estate
According to census data in the year 2000 there were 88 housing units in Magnolia.
This represents a 11.4% growth from 79 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 88 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 90.9%.
Magnolia's vacancy rate, including seasonal lodging, is about 12.5%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Magnolia were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8% |
| Two Bedrooms | 48.90% |
| Three Bedrooms | 25% |
| Four Bedrooms | 18.20% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $50,000 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.71 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.60% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 29% |
| Debt Free | 59.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.2% |
